Tag: South Korea’s HRC market to remain under pressure in Aug’22 demand to improve from mid-month

The domestic HRC market in South Korea is expected to remain under pressure in August due to cheaper imported HRCs offers from China. China’s HRC (SS400) export offers have bottomed out in end-July, reaching the lowest levels of $600/t CFR for September shipments. Now the declining trend seems to have slowed down on the back…